1. A Lancashire Combined Authority is coming closer

With the Conservatives seemingly willing to devolve more powers and financial responsibility to the likes of Manchester and Merseyside, which have combined authorities, Rankin and co sense the chance to increase their shilling.

Will central government back it? It remains to be seen if they can persuade them. And then there’s the question of what powers Lancashire would actually have. And if you have a Combined Authority, where does that leave Lancashire County Council?

2. Business rate setting seems a non-starter

George Osborne announced by 2020 councils could set their own business rates, hiking them to make more cash or potentially lowering them – as many council wish to – to try and stimulate their city and town centres.

Cllr Rankin didn’t agree with the assertion there are more empty shops in the city – pointing to a survey from earlier this year by Preston Business Improvement District which said tenancy was up in the city – and appeared lukewarm to the idea of setting his own business rates. His concern was that the Chancellor’s plan appeared to include a cut in the central government grant alongside the new powers.

So if there were fewer businesses in 2020, and Rankin and co cut the rates, and lost their grant – with Preston being one of the hardest hit councils in the country – then the city’s finance officer may well be pinning him and Martyn Rawlinson, cabinet member for finance, to the inside of their offices.

3. Free parking for the city centre?

Why not open up all the car parks and make them free to shoppers? An idea that’s been mooted for a long time but only gets acted on for the run up to Christmas and for specific periods.

Cllr Rankin said they would be putting some free parking in place for the Christmas rush but he said the council only owned 30 per cent of car parks in the city – the rest being privately operated by shopping centres and NCP.

4. Moor Park could hold more events

There’s going to be a lot of work going on in the coming years to Moor Park. There’s more than £2 million being spent on it, and Cllr Rankin said the main issues was the drainage.

The 2012 Guild could have been held on it, but council chiefs got nervous after a lot of bad weather in the run up to the Guild and they went for Avenham instead.

5. Don’t frack, give people insultation instead

Cllr Rankin was asked whether the city council deciding to oppose fracking – passing a motion at a summer council meeting – was ignoring the economic benefits it could bring Preston.

He said many people had concerns about traffic on rural roads to the North West of the city.